筍盤來了！！！Canninghill Piers

[scanner007]

Yeah this is correct from what I hear too. Also, I note there are quite a few people I see don’t really want this project to do well. Haha, but life is such…

Who? LOL
I confirm I want it to do well. It make the surrounding condo looks cheap.
I have vested interest in the area. LOL

 

[Lmao0101]

i think past data does show that luxury developments tend not to perform so well in the resale market.
OUE twin peaks, scott towers, hamilton scotts, etc.

There are also condos that do super well such as Admore Park. Some of those you named have other reasons such as timing of launch.

Anyway would say this is more towards high end than luxury product. Not saying this is a great buy though.

 

[NiShiZhu]

CDL has a hole to fill, and a lot of inventory to clear

Fuji Xerox (FH, GSW, mixed, CBD) launching next year Another 顺盘 incoming

This one I like, I always like projects that make AMDL wet.
but no $$ to buy.

 

[Passerboy]

Yeah this is correct from what I hear too. Also, I note there are quite a few people I see don’t really want this project to do well. Haha, but life is such…

As w every project there are bulls/bears same with stock picks. But from sentiments here, majority seems to agree that this is a unique trophy asset w a desirable address. If I had deep pockets, I would wish to own a unit there too

 

[Miltah]

i think past data does show that luxury developments tend not to perform so well in the resale market.
OUE twin peaks, scott towers, hamilton scotts, etc.

Twin peaks did not have location.
Scott’s Tower doesn’t have location or a decent plot size. And frankly if u bought it in 2013 at $36xx psf, it makes CHP look cheap

 

[daheigou999]

i think past data does show that luxury developments tend not to perform so well in the resale market.
OUE twin peaks, scott towers, hamilton scotts, etc.

But this also makes it more palatable to enter via resale

Assuming you are super attracted and have to live there

 

[dareaper]

There are also condos that do super well such as Admore Park. Some of those you named have other reasons such as timing of launch.

Anyway would say this is more towards high end than luxury product. Not saying this is a great buy though.

True, some definitely doing well.
Agreed that CHP is not at the same level as true luxury developments like park nova, so I should remove Hamilton Scotts from the list. The remaining ones are somewhat in similar class to CHP.

Twin peaks did not have location.
Scott’s Tower doesn’t have location or a decent plot size. And frankly if u bought it in 2013 at $36xx psf, it makes CHP look cheap

Twin peak location not too bad mah, 300-400 metres to Takashimaya.
I see resales for scotts tower 1-2 bedders at as low as low-mid 2XXX psf now, well below CHP despite TOP only 5 years ago. By CHP's TOP, it will be a 9 years gap with about 500-900 psf with CHP in a better location+integrated development. Not sure if the gap is too big.

 

[daheigou999]

True, some definitely doing well.
Agreed that CHP is not at the same level as true luxury developments like park nova, so I should remove Hamilton Scotts from the list. The remaining ones are somewhat in similar class to CHP.


Twin peak location not too bad mah, 300-400 metres to Takashimaya.
I see resales for scotts tower 1-2 bedders at as low as low-mid 2XXX psf now, well below CHP despite TOP only 5 years ago. By CHP's TOP, it will be a 9 years gap with about 500-900 psf with CHP in a better location+integrated development. Not sure if the gap is too big.

Don’t forget Scotts Tower is a 103-LH development sitting on Far East’s FH land

Hence, low chance to enbloc

 

[ThinkCarefully]

Don’t forget Scotts Tower is a 103-LH development sitting on Far East’s FH land

Hence, low chance to enbloc

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Another reflections to be reflected upon?

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[normoh]

I so green with envy. Congrats to all who got a unit here. As expected all the 'affordable' units sold on the first day cos of sensible price, marketing and no punk price increase. Now looking at Ghib's dream home and maybe stay there to wean it off my system....

 

[Oftheseas]

Twin peaks did not have location.
Scott’s Tower doesn’t have location or a decent plot size. And frankly if u bought it in 2013 at $36xx psf, it makes CHP look cheap

I remember was interested in OUE Twin Peak back in 2011/2012 as we have Overseas Family School tenants. Did not pull the trigger because we were also keen on Spring Grove. Went back to view TP again when they offered the deferred payment in 2016, but OFS already moved out.

Could have been sitting on a $500k loss !

 

[dareaper]

But this also makes it more palatable to enter via resale

Assuming you are super attracted and have to live there

21XX definitely very attractive for CHP

Don’t forget Scotts Tower is a 103-LH development sitting on Far East’s FH land

Hence, low chance to enbloc

Actually all the integrated/mixed development also hard to enbloc. Capitaland or CDL would still be the majority shareholder with the commercial component, other developers may not be able to enbloc CHP.

 

[dareaper]

I so green with envy. Congrats to all who got a unit here. As expected all the 'affordable' units sold on the first day cos of sensible price, marketing and no punk price increase. Now looking at Ghib's dream home and maybe stay there to wean it off my system....

It's the other way round, all the premium units got sold first, then followed by the more 'affordable' but less desirable facings. Even now, some of the "cheaper" low floor units still available, unless you are referring to the lower quantum 1 bedder.

 

[Verghez]

Who? LOL
I confirm I want it to do well. It make the surrounding condo looks cheap.
I have vested interest in the area. LOL

Haha, you all can see the negative fb comments and other forum threads on CHP ma. This thread here still more balanced.

 

[page||]

Hope in future resale can own a piece of art at lower psf.. it’s ok. Can wait for 15 years..

 

[ThinkCarefully]

Haha, you all can see the negative fb comments and other forum threads on CHP ma. This thread here still more balanced.

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Wow, you are very well-surfed.
Thought you were already very active here with updates on price and units sold almost every 5-10 mins...

Still simultaneously surfing other platforms...


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[ThinkCarefully]

It's the other way round, all the premium units got sold first, then followed by the more 'affordable' but less desirable facings. Even now, some of the "cheaper" low floor units still available, unless you are referring to the lower quantum 1 bedder.

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Real master class art pieces versus
Those art pieces put at one corner of the art gallery (for those with not the deepest pockets)...
Haha

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[wetdreamx]

Hope in future resale can own a piece of art at lower psf.. it’s ok. Can wait for 15 years..

Same same wait 15 years bah

 

[NiShiZhu]

It's the other way round, all the premium units got sold first, then followed by the more 'affordable' but less desirable facings. Even now, some of the "cheaper" low floor units still available, unless you are referring to the lower quantum 1 bedder.

The lower floor units thats still available u r referring to 2 bedder?

 

[daheigou999]

The lower floor units thats still available u r referring to 2 bedder?

Aren't those west-facing units that neither faces the joss-stick nor greenery?

I guess the address is satki enough